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CBA has been a quiet investor in the BNPL industry since August 2019, when it made an initial investment of US$100 million into a private Swedish bank Klarna, which offers its own BNPL product. This investment was increased by another US$200 million in January 2020, with CBA taking its Klarna holding to 5%. Ostensibly, this…
Focusing on three sectors of Australian shares for direct purchases, sectors favoured by SMSF trustees and other individual investors, Morningstar offered its top picks at the annual Morningstar Investment Conference last week (October 8-9). Cognisant of market volatility, valuations, dividend policies and the importance of fundamentals in uncertain times, three Morningstar researchers – Johannes Faul,…
Here’s why we’ve avoided bank shares for over 5 years…
Significantly higher impairment charges will be a feature of the upcoming interim reporting season for three of the big banks and will continue to rise next financial year. Macquarie Securities has issued a report on the banking sector, saying: “We now incorporate in our forecasts a credit cycle with impairment charges peaking at around 50…